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Mar 18, 2013
03/13
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washington right now, can president obama and republicans reach a long-term agreement on reducing the deficit? >> the answer, different depending on which republican you ask. house speaker john boehner doesn't sound very hopeful. he's standing firm against the idea of increasing tax rates, increasing tax revenue. >> the president believes that we have to have more taxes from the american people. we're not going to get very far. if the president doesn't believe that the goal ought to be to balance the budget over the next ten years, i'm not sure we're going to get very far. and this is the whole issue. we have a spending problem here in washington, and it's time to solve the problem. >> we're hearing different things coming from various republicans, including senator bob corker. he's a republican of tennessee. he says he's optimistic about the possibility of what's called a grand bargain, and he's open to the idea of raising tax revenues to cut the deal under certain circumstances. senator corker's joining us now from capitol hill. senator, thanks very much for coming in. >> good to be with yo
washington right now, can president obama and republicans reach a long-term agreement on reducing the deficit? >> the answer, different depending on which republican you ask. house speaker john boehner doesn't sound very hopeful. he's standing firm against the idea of increasing tax rates, increasing tax revenue. >> the president believes that we have to have more taxes from the american people. we're not going to get very far. if the president doesn't believe that the goal ought to...
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Mar 20, 2013
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it is balanced in terms of making sure we move to responsibly managing our debt and deficit, getting our deficit down to less than 3% of the gdp, as every economist in the bowls simps simpson, all the gang of six have focused us on doing, but also make sure we make that investments to keep our middle class strong. >> the point of our budget is to make sure that we show that we have a ten-year plan, if we can put it into place, we will get our economy moving again, we will begin to manage our debt, and we will quit doing this management by crisis where every time we turn around, the republicans say they'll shut the government down if we don't cut more. we need to have a responsible plan. that is what i'm putting forward. it's what the democrats are supporting today, and i'm very proud of it. i think this shows the american people with can manage our country wisely. >>> before you go to the floor, i wanted to quickly ask about the assault weapon ban. harry reid has decided not to put it in the gun legislation. dianne feinstein is angry, deeply disappointed, still wants a shot at it. wh
it is balanced in terms of making sure we move to responsibly managing our debt and deficit, getting our deficit down to less than 3% of the gdp, as every economist in the bowls simps simpson, all the gang of six have focused us on doing, but also make sure we make that investments to keep our middle class strong. >> the point of our budget is to make sure that we show that we have a ten-year plan, if we can put it into place, we will get our economy moving again, we will begin to manage...
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Mar 20, 2013
03/13
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on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very wealthy people. so the republican plan, they said we'll get rid of your tax expenditures for high-income people, but we'll bring down your top rate. so in the end the folks at the top get a very big windfall. we say let's eliminate some of those tax breaks for very wealthy people in order to help reduce our deficit, so when you combine that savings with targeted cuts, you can reduce it in a balanced way rather than increasing the tax burden on the middle class which is what their budget will do. we also want to make sure we keep our commitments to our s
on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very...
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Mar 22, 2013
03/13
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more than 50 chicago schools will now close as a plan to reduce the district's 1 billion-dollar budget deficit. officials say that many of those schools are half empty and that this move will save hundreds of millions of dollars. a louisiana judge is ruling that a new law that bars felons from owning guns violates that state's constitution. residents passing an amendment in november of last year, that challenged law now heads to the supreme court. now for a segment that we like to call what the hill? and you will understand why in just a second it was supposed to be money for the future but 15 years later it's just money down the drain. $24 million in federal funding was spent on a four building complex named after democratic congressman james clyburn. the problem just one building has been built and another 80 million is needed to finish it. that plan to end mail delivery on saturdays just return to served sender. congress has just passed legislation that requires saturday delivery. the postal service planned to stop saturday service lower cost after it lost $16 billion last year. the fbi is
more than 50 chicago schools will now close as a plan to reduce the district's 1 billion-dollar budget deficit. officials say that many of those schools are half empty and that this move will save hundreds of millions of dollars. a louisiana judge is ruling that a new law that bars felons from owning guns violates that state's constitution. residents passing an amendment in november of last year, that challenged law now heads to the supreme court. now for a segment that we like to call what the...
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Mar 20, 2013
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his isolationist foreign policy and clan to eliminate federal deficits in five years makes it imprudent to jump in with both feet. consider on tuesday paul endorsed a version of immigration reform that would allow the 11 million or so undocumented immigrants in this country to become legal. the week before he defied the hawks in his party to lead a 13-hour filibuster in protest of the obama admission's secretory over its drone war fare program. >> dan senor, you've been involved in republican presidential primaries lately. sorry about that. how would those issues stack up in new hampshire and iowa and south carolina and florida? >> i think the politics, his politics on pure fiscal issues will have tremendous resonance as his father experienced in some primary states and caucus states. i think what is untested is -- from a -- from a political standpoint is his position on foreign policy. his father never really broke through on the neoisolationist politics at the grassroots level beyond a narrow segment of the electorate. rand who i've spent time talking about these issues is much salvie
his isolationist foreign policy and clan to eliminate federal deficits in five years makes it imprudent to jump in with both feet. consider on tuesday paul endorsed a version of immigration reform that would allow the 11 million or so undocumented immigrants in this country to become legal. the week before he defied the hawks in his party to lead a 13-hour filibuster in protest of the obama admission's secretory over its drone war fare program. >> dan senor, you've been involved in...
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Mar 22, 2013
03/13
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public official schools plan to close the 54 schools in an effort to make a dent in a $1 billion budget deficit, make better use of resources and improve overall education here in the nation's third largest school district. >> i don't think it's going to be good for my kids. >> reporter: the news of the school closings continues to ripple across chicago this morning. >> i'm, just don't know where they're going to go. >> reporter: mayor rahm emmanuel says the closures are necessary after too much money was being spent on maintaining underutilized school buildings saying "by consolidating these schools, chicago public schools can focus on safely getting every child into a better performing school. like school systems in new york and philadelphia, where schools are being closed, chicago must make tough choices." a number of teachers may lose their jobs as a result of the closings. karen lewis. of the teachers' union lashed out at emmanuel. >> our mayor, who is away on a ski trip, drops this information right before spring break. it's the ultimate bullying job. mayor rahm emmanuel should be ashamed
public official schools plan to close the 54 schools in an effort to make a dent in a $1 billion budget deficit, make better use of resources and improve overall education here in the nation's third largest school district. >> i don't think it's going to be good for my kids. >> reporter: the news of the school closings continues to ripple across chicago this morning. >> i'm, just don't know where they're going to go. >> reporter: mayor rahm emmanuel says the closures are...
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Mar 21, 2013
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on top of that, how do you do it if you already have a billion dollar budget deficit? >> right. it's a big issue. a side story that i've been covering is the death of this 6-month-old girl on chicago's south side. yeah, security, safety, is a big issue and parents are concerned if they have to put their child on a city bus. >> i don't know what neighborhood my child is going to. i don't know about that neighborhood. i know about my neighborhood. >> 5:30 eastern time we should see a press conference there in chicago. we are anticipating, expecting, to see that list. >> this is a done deal, 50 schools, right? >> this is the recommendation by the school ceo. they will vote on it in the next few weeks, but this is the first recommendation and a lot of people are hot and angry about it. >> 70 schools affected when you look at staff from other schools. 70 schools total possible affected by this. thank you very much. appreciate that. >>> put your ipod down for just one second and focus on the time when you listened to your favorite music on records. remember that? some of you don't. ad
on top of that, how do you do it if you already have a billion dollar budget deficit? >> right. it's a big issue. a side story that i've been covering is the death of this 6-month-old girl on chicago's south side. yeah, security, safety, is a big issue and parents are concerned if they have to put their child on a city bus. >> i don't know what neighborhood my child is going to. i don't know about that neighborhood. i know about my neighborhood. >> 5:30 eastern time we should...
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Mar 19, 2013
03/13
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there is something unique in the baseline where deficits go down to the mid part of the next ten years and then go right back up. what we want to do is get them on a downward path and keep them down. we not only balance the budget, we go into surpluses and pay off the debt. >> brian: here is chris van hollen. he seems to disagree with everything you say. here is an example. >> i'm used to that. >> let me focus first on what our budget focuses on, which is not just economic growth in jobs in the future, but jobs in economic growth now and in the future. this republican budget is not balanced in ten years. >> brian: is he right? is it not in balance? >> no, it does balance in ten years. they're throwing new meaning to the word balance. they say they're taking a balanced approach. the problem is their balanced approach never, ever balances the budget. from what murray and van hollen's standpoint, a balanced approach is another tax increase, only followed up with more spending increases. they think that's the balanced approach. we actually balance the budget by cutting spending and not rai
there is something unique in the baseline where deficits go down to the mid part of the next ten years and then go right back up. what we want to do is get them on a downward path and keep them down. we not only balance the budget, we go into surpluses and pay off the debt. >> brian: here is chris van hollen. he seems to disagree with everything you say. here is an example. >> i'm used to that. >> let me focus first on what our budget focuses on, which is not just economic...
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Mar 22, 2013
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. >> neither rain, nor sleet senator snow nor deficit. no word this morning, saturday mail delivery is back on. >>> and 911 shocker. >> can you tell can you tell me by tapping on the phone once that do not open the door. >> 911, where is your image? >> the frightening moments and amazing end. live on the cnn newsroom. >>> good morning, thank you for joining us. i'm carol costello. three people dead at the marine base in quantico. the base is in lockdown, law enforcement surrounded the building. >> the shooter, an active duty marine, was pronounced dead of an apparent self-inflicted gunshot wound by law enforcement at the scene. two other victims, a male and female, both active duty marines, were pronounced dead at the scene. the three marines involved in this incident, all permanent personnel assigned to officer candidate school. all of the candidates in the school are accounted for and safe. >> the base is used mostly for training and it's known as crossroads of the marine corps. we will have a live report at the bottom hour. >>> also fo
. >> neither rain, nor sleet senator snow nor deficit. no word this morning, saturday mail delivery is back on. >>> and 911 shocker. >> can you tell can you tell me by tapping on the phone once that do not open the door. >> 911, where is your image? >> the frightening moments and amazing end. live on the cnn newsroom. >>> good morning, thank you for joining us. i'm carol costello. three people dead at the marine base in quantico. the base is in...
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Mar 21, 2013
03/13
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of deficit. that's the trade balance figures for february for japan. let's have a look at the opening levels for the nikkei and the topix. let me just remind viewers that before we broke off the nikkei went through a pretty volatile two days. due to uncertainties over the bailout plan and it gained 247 points on tuesday as the yen resumed its weakening friend against the euro and the dollar. it's up again today. we pretty much wiped out the losses from monday. we're in the positive so far. >> what can you tell us about currency levels? where do we stand this morning? >> the yen resumes its weakening trend and the euro a big focus are now at the lower 124 yen levels. 124.14 to 17. this banking issue overshadows. it's rebounded. traders really taking a bet it will have less of an impact than originally thought earlier this week. i'm talking about monday. investors will be looking to see european pmi data. let's bring up the dollar/yen. that's trading right at the upper 95 yen levels. just weakening
of deficit. that's the trade balance figures for february for japan. let's have a look at the opening levels for the nikkei and the topix. let me just remind viewers that before we broke off the nikkei went through a pretty volatile two days. due to uncertainties over the bailout plan and it gained 247 points on tuesday as the yen resumed its weakening friend against the euro and the dollar. it's up again today. we pretty much wiped out the losses from monday. we're in the positive so far....
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Mar 22, 2013
03/13
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this is going to be added on the deficit. they constructed a budget, that made it look as if, as obama promised, not going to cost the treasury a dime. well, the cbo says it will cost $1.3 trillion over a decade. so there is an increase in $1.3 trillion plus a dime in taxes. so that it ends up looking like it's not going to cost. but there will be increases in taxes everywhere. this one will be canceled. it's ridiculous. this is the one area, medical devices where the u.s. has tremendous advantage in technology over the rest of the world. why would you kill an industry that is so productive? so, the money will be cut. it will have to come out of taxes. the $1.3 trillion will become $1.6 trillion. it will climb. ultimately it will be a drag on the economy. i think ultimately after it hits and you get a train wreck and all the inefficiencies people will say in a couple of years, why don't we adopt a canadian system? cut out the middleman. and stop all the waste. simply have a simple system. government is completely in control a
this is going to be added on the deficit. they constructed a budget, that made it look as if, as obama promised, not going to cost the treasury a dime. well, the cbo says it will cost $1.3 trillion over a decade. so there is an increase in $1.3 trillion plus a dime in taxes. so that it ends up looking like it's not going to cost. but there will be increases in taxes everywhere. this one will be canceled. it's ridiculous. this is the one area, medical devices where the u.s. has tremendous...
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Mar 21, 2013
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>> they want to use medicare and medicaid and social security to reduce the deficit? >> they want entitlement reform. this would be in exchange for the deficit reduction. >> you realize how harmful this would be. f we are to have [indiscernible] in order to sustain social security for a long period of time, recognizing the demographic shift that is happening. if we are going to strengthen medicare as we did with our bill, use the savings to put back in for more benefits and right here and now for our seniors, then that is what we should do on its own table. it should not be anything related to balancing the budget for the republicans said they can continue to give tax breaks to their special interest friends at the expense of america's seniors and people who are dependent on medicare, medicaid, and social security. nobody cares more about the sustainability of those initiatives than the democrats. intellectual property of the democrats to begin with. they have been sustained by democrats over the years. we need them to be strong, but we need to have that discussion se
>> they want to use medicare and medicaid and social security to reduce the deficit? >> they want entitlement reform. this would be in exchange for the deficit reduction. >> you realize how harmful this would be. f we are to have [indiscernible] in order to sustain social security for a long period of time, recognizing the demographic shift that is happening. if we are going to strengthen medicare as we did with our bill, use the savings to put back in for more benefits and...
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Mar 23, 2013
03/13
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there was no new taxes, it would curb spending by repealing obama care and eliminate the deficit in ten years. $4.6 trillion in cuts. zero chance of passing in the democratic-controlled senate, it's dead on arrival. >> lawmakers in the house and senate approved legislation to fund the government through the end of september. that avoids the risk of a partial federal shutdown. in the process, they are on spring break for a couple weeks. what's your take on this? >> my take is the whole financial dysfunction of our congress is mind blow iing. you look at this week. let's say frederick, maryland, where there's air traffic control that will be shut. a tower that was built by the stimulus money. so stimulus money went into this tower. the government saying it's a priority. and the the government because of its dysfunction saying we have to shut is down. that's a perfect representation, i think, of how washington is not doing its job. we can't even pass a budget. it can't even run the books. there's no strategy. when you look at some of the spending cuts, you see a lack of a strategy in ameri
there was no new taxes, it would curb spending by repealing obama care and eliminate the deficit in ten years. $4.6 trillion in cuts. zero chance of passing in the democratic-controlled senate, it's dead on arrival. >> lawmakers in the house and senate approved legislation to fund the government through the end of september. that avoids the risk of a partial federal shutdown. in the process, they are on spring break for a couple weeks. what's your take on this? >> my take is the...
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Mar 23, 2013
03/13
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kansas state could no overcome an 18 point halftime deficit. show of hands. how many brackets are ruined in here this morning. yeah. a lot of people. ali? jesse? >> all right. clayton. if you are looking to do a little home improvement. you want to spend your money on products that work. luckily for us. already done the testing. lifestyle expert has some household musts and must not. >> alisyn: right. >> megyn's must have. tell us what you need. >> start talking. >> alisyn: with the upholstery tag. >> freshen up your decor organize and pay attention to the gashed. here is what i want you to invest in and what i don't want to you invest in. these are upholstery tacks. a little spike on the end. go around your house. i bet you have a piece of furniture that look as little trap. guess what, all do you is pop these babies in right along the seam. >> you don't need any equipment? >> i'm putting these in with my hands. this is a piece of foam furniture. add a little piece of glue to secure it into the foam. if you can put a push pin. if it's a wood piece of furnitu
kansas state could no overcome an 18 point halftime deficit. show of hands. how many brackets are ruined in here this morning. yeah. a lot of people. ali? jesse? >> all right. clayton. if you are looking to do a little home improvement. you want to spend your money on products that work. luckily for us. already done the testing. lifestyle expert has some household musts and must not. >> alisyn: right. >> megyn's must have. tell us what you need. >> start talking....
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Mar 21, 2013
03/13
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they've got a $1 billion budget deficit. so he has to do something. but the problem is, what does he do? at the beginning of the school year, some people are saying they got off easy with just 50 schools, carol. at the beginning of the school year, they said they were going to close potentially 80 to 120 schools. so it's causing issues. there's no money. also, racial issues in the city, because black alderman are saying, we got you elected and now you are closing most of these schools in black neighborhoods on the south and west sides of chicago. and you didn't listen to us. there was no consensus about which areas and which schools should be closed. so it's causing some big issues, beyond money. >> i would suspect that parents are concerned about their children's safety, too. because these children now have to be transported farther to school. they can't go in their own neighborhoods. >> and besides the issue that we have with guns, we can talk about. but, yes, safety, just outside of that issue, where are the resources going to go? which schools? in
they've got a $1 billion budget deficit. so he has to do something. but the problem is, what does he do? at the beginning of the school year, some people are saying they got off easy with just 50 schools, carol. at the beginning of the school year, they said they were going to close potentially 80 to 120 schools. so it's causing issues. there's no money. also, racial issues in the city, because black alderman are saying, we got you elected and now you are closing most of these schools in black...
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Mar 19, 2013
03/13
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between management in the interest of increasing productivity to get our debt levels down to have our deficit reduced to 3% by 2015 because of the fact of a program of assistance from from the e.u. and the imf. we are now actually ranked number one in the world for skilled labor. economic recovery in itself is never in and of itself in keeping with the democratic ideas as for what recovery can do for the people in terms of the social impact of the contribution they can make to their localities into their country. political will, culture and social and economic and that recovery and all its potential has come following a very hard piece in ireland. we have some experience of this and to contribute validly too many contributions around the world. in fact the president made the point that since the united nations was founded ireland is the one country, the one country small though it is that can validly point to personnel and peacekeepers and in some location around the world on peacekeeping missions and humanitarian missions since the u.n. was actually founded. you are well aware of the trouble
between management in the interest of increasing productivity to get our debt levels down to have our deficit reduced to 3% by 2015 because of the fact of a program of assistance from from the e.u. and the imf. we are now actually ranked number one in the world for skilled labor. economic recovery in itself is never in and of itself in keeping with the democratic ideas as for what recovery can do for the people in terms of the social impact of the contribution they can make to their localities...
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Mar 20, 2013
03/13
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why don't we do -- >> the problem is we have a surplus of politics and deficit of intelligence when it comes to this. germans and fins and a number of others feel they have to tell very uninformed electorate that they are being tough. we have to extract some blood. they don't understand that this is a two pointed sword. by trying to extract blood from greeks sand cypriots they are inflicting enormous pain. $500 billion worth of capitalization around the world wiped out. >> as moronic as this plan was, we've heard there are not a lot of options. >> there are options. >> first of all, they should be putting in place the equivalent of the fdic. when we close a failed bank in the united states, we go in on a friday with fdic and occ. it's all hush hush. you close the bank. you move the depositors money into a good bank and you don't lose faith in the banking system. >> don't they need 27 countries to put that in their charter? >> this is what europe was moving toward. this is what was recognized this past summer and this is why -- >> we knew it would take time. >> this throws that out the
why don't we do -- >> the problem is we have a surplus of politics and deficit of intelligence when it comes to this. germans and fins and a number of others feel they have to tell very uninformed electorate that they are being tough. we have to extract some blood. they don't understand that this is a two pointed sword. by trying to extract blood from greeks sand cypriots they are inflicting enormous pain. $500 billion worth of capitalization around the world wiped out. >> as...
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Mar 23, 2013
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because the bases shall -- of both parties are opposed to the essential elements, entitlement reform and deficit reduction. >> but the difference between this grand bargine and the one two summers ago would be that you're in a world where the deficit might naturally be declining as well the would that make any difference? >> the problem is i don't think you can -- you still have to have revenue for this to be acceptable. ches -- i think it's clear that there won't be increased rates. that's not going to happen. so can this happen? can they tackle tax reform? >> you are also saying medicare costs are beginning to level off. they don't know why, but it's happening. for the first time in years, the democratic senate is actually considering a budget and that means there is possibly a good chance there is going to be a conference committee between the republican house and the democratic senate on the budget that could provide another opening of a bit of a window to again put some of the bigger ideas on the table the gwen: it's also possible that the sequestration, the word i hate to use, but the acro
because the bases shall -- of both parties are opposed to the essential elements, entitlement reform and deficit reduction. >> but the difference between this grand bargine and the one two summers ago would be that you're in a world where the deficit might naturally be declining as well the would that make any difference? >> the problem is i don't think you can -- you still have to have revenue for this to be acceptable. ches -- i think it's clear that there won't be increased...
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Mar 22, 2013
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our deficit isn't up to that. >> shepard: what do you make of the parity this year? last year there were a few teams. this year i don't have a clue. >> that's the thing. that's why it's so interesting this year. last year there was a rabbit, kentucky in years past, duke, north carolina. this year there's no one to chase. gonzaga had the toughest time of any number one seed in 16 years last night when they just won by six points. it's really, really tough. every team that has ascended to number one has fallen off, gotten knocked off. so it's really just a wide-open thing here this year, and really 20 teams have a legitimate chance of this. >> shepard: 20. incredible. i wonder what your sense is for what makes a difference. i always thought an older, experienced back court that handles the ball well is what you need in the tournament. but there's more to it than that, of course. >> it's changed so much. used to be these guys would stick together four years. now it's one and done, so it's usually the best player who has the best chance. the problem here this year is the
our deficit isn't up to that. >> shepard: what do you make of the parity this year? last year there were a few teams. this year i don't have a clue. >> that's the thing. that's why it's so interesting this year. last year there was a rabbit, kentucky in years past, duke, north carolina. this year there's no one to chase. gonzaga had the toughest time of any number one seed in 16 years last night when they just won by six points. it's really, really tough. every team that has...
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Mar 22, 2013
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one, we are looking at a record budget deficit of about $1 billion next year. so we're looking for every aspect to reap savings in our system. and we have underutilized schools as a result from it population loss in certain parts of the city of chicago. it's healthy for those schools to right size, to become fully utilizeed schools and combining under-utilizeed schools which garners savings we can reinvest and focus the resources we have in one school billion as opposed to multiple, partially used billions. >> brown: for people around the country, give us a sense of how serious the situation is there. is there a sense that chicago is failing some of its students right now? >> i think we have. we've failed to provide those resources that can give them add benefits, particularly in underserved communities, and so thus we're focusing on these underserved communities and it happens to be areas where there has been population loss and we can consolidate some of these schools, save $43 million a year in operations, reinvest those $43 million into the classrooms and d
one, we are looking at a record budget deficit of about $1 billion next year. so we're looking for every aspect to reap savings in our system. and we have underutilized schools as a result from it population loss in certain parts of the city of chicago. it's healthy for those schools to right size, to become fully utilizeed schools and combining under-utilizeed schools which garners savings we can reinvest and focus the resources we have in one school billion as opposed to multiple, partially...
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Mar 22, 2013
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literally you have $3 billion in deficit, annual deficit every year. and employment is double digits. as you said, not only do you have a class divide, you have major socioeconomic divide between the ruling class and the rest of the opposition. more than 40% of jordanians are basically living in poverty. not to plepgs that as you suggested earlier, most of the population in jordan are palestinians so the palestinian/israeli conflict weighs very heavily on the king. and it is for the first time after the arab spring, the king's ledge gitimacy is being challenged. not only from his own tribal base, and this is the situation for the king. that's why president obama is in jordan today to shore up the king and provide some financial assistance as he did, $200 million on top of the $500 million annually that the united states provides to the kingdom. >> you mentioned president obama leaving israel for jordan. one question is what has he left behind? the oldest newspaper in israel, founded before the country was founded said that security will not be attained
literally you have $3 billion in deficit, annual deficit every year. and employment is double digits. as you said, not only do you have a class divide, you have major socioeconomic divide between the ruling class and the rest of the opposition. more than 40% of jordanians are basically living in poverty. not to plepgs that as you suggested earlier, most of the population in jordan are palestinians so the palestinian/israeli conflict weighs very heavily on the king. and it is for the first time...
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Mar 19, 2013
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the budget presented by the deficit majority makes no effort to reduce deficits, reduce spending, balance the budget or grow the economy. instead, this budget seeks to grow government by taxing more and spending more. it's time that we all recognize that government exists to serve the needs of the people rather than people serving the needs of their government. there are some who believe that government is the only creator of economic prosperity, and if others have achieved success, they must be by default the cause of others' hardships. this type of glass warfare, demagoguery as it is, is harmful to america and our future. it seeks and does divide america. the budget presented by the deficit majority is partisan business as usual. it will tax success by adding another trillion dollars. it increases government spending, it ignores the subject of our health care entitlements, and this whole approach is simply not good for advancing america's economy. it places no priority on ever bringing our budget into balance the deficit majority speaks at length about growing the economy and creating a
the budget presented by the deficit majority makes no effort to reduce deficits, reduce spending, balance the budget or grow the economy. instead, this budget seeks to grow government by taxing more and spending more. it's time that we all recognize that government exists to serve the needs of the people rather than people serving the needs of their government. there are some who believe that government is the only creator of economic prosperity, and if others have achieved success, they must...
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Mar 23, 2013
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guest: republicans were hitting deficit spending that the budget that the cr isn't addressing the deficit problem. you put two words on a credit card and didn't pay for them and that's why we have deficit. the war funding is an interesting element. it was a fight between democrats and republicans. democrats cut spending. how they arrived at savings in their bument and republicans said those numbers aren't realistic. host: trnt republicans say thrg have been increases in spending by the obama administration at pushed the debt from five or six years ago guest: how much debt there was when president obama came to office and how much debt there is now. that is the consistent argument it's getting worse. when you compare the ryan budget to the senate democrats budget there is a different pace of spending, both of them increase spending over time but the democrats by a lot more. host: go ahead bob. caller: we won't really know what's in this thing until the cover is pulled off. we can't trust the media to tell us the truth. and you should really when you have politico on, you should mention if
guest: republicans were hitting deficit spending that the budget that the cr isn't addressing the deficit problem. you put two words on a credit card and didn't pay for them and that's why we have deficit. the war funding is an interesting element. it was a fight between democrats and republicans. democrats cut spending. how they arrived at savings in their bument and republicans said those numbers aren't realistic. host: trnt republicans say thrg have been increases in spending by the obama...
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Mar 25, 2013
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deficits have nothing to do, because the federal government reduced its deficit. that doesn't mean wal matt is going to go out and hire a bunch of people. they're not connected and we're having this conversation over and over. >> that's the problem with our side. >> i want to get josh in here. >> the usual circumstance in which government borrowing is crowding out private investment and holding back growth is that interest rates rise because governments trying to borrow money at the same time that companies are trying to raise capital, it makes capital more expensive and it makes difficult for people to invest. we're not seeing it right now. interest rates are extremely low, not just in the short-term, but also in the long run. we have extremely low, 30-year interest rates what that reflects is there's not a lot of demand for capital in the private sector. the government could be boosting the economy by borrowing and spending the money itself. and in the future, if, if we see interest rates starting to rides, that will be in part an indication of expectations of i
deficits have nothing to do, because the federal government reduced its deficit. that doesn't mean wal matt is going to go out and hire a bunch of people. they're not connected and we're having this conversation over and over. >> that's the problem with our side. >> i want to get josh in here. >> the usual circumstance in which government borrowing is crowding out private investment and holding back growth is that interest rates rise because governments trying to borrow money...
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Mar 18, 2013
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they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any budget, whether it be the democratic caucus, the white house budget or the republican budget. we have doubled down on jobs in the c.b.c. budget. ms. brown: thank you, madam chair. mr. horsford: continuing on, as the chairwoman of the c.b.c. just talked about, the congressional black caucus budget is an alternative budget for the fiscal year 2014. it puts forth a plan that reduces the deficit by $2.8 trillion over the next decade and creates millions of jobs through significant investments toward job creation that will accelerate our econom
they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any...
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Mar 24, 2013
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between those who are saying we have to go with growth right now, to we have to handle this debt and deficit thing. another is that i think the republican party has to make clear what its foreign policy is. it has had two wars for the past 12 years, people are still settling in and thinking, the voters have said, we don't like that. we're not for that. the republican party has to make clear what it stands for and it is going to have a little bit of debate to get there. those two big things and the policies that spring from them will make all of the difference, so will an eventual compelling presidential candidate. somebody who is involved right now. at the end of the day, it's the candidates who resolve a lot of unresolved things by taking a stand and speaking forcefully for it. >> that was bill clinton after walter mondale lost it. after jimmy carter lost. we had a dynamic governor who was reformed minded and brought those issues into the national forefront. he really helped recharge the democratic party. you know, the republican party is out to lunch. i watched cpac, karl. karl was a forme
between those who are saying we have to go with growth right now, to we have to handle this debt and deficit thing. another is that i think the republican party has to make clear what its foreign policy is. it has had two wars for the past 12 years, people are still settling in and thinking, the voters have said, we don't like that. we're not for that. the republican party has to make clear what it stands for and it is going to have a little bit of debate to get there. those two big things and...
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Mar 18, 2013
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make sure we have deficit reduction but don't cut too much too fast. take for scamel the sequestration. 700,000 american jobs will be lost. h is not the right time to do it. we have to phase this in and sequence it so we have economic growth and americans paying taxes. that really helps us recover. >> chris: senator corker, democrats and you just heard this sort of from dirk durbin but i heard it in more extreme forms from other democrats say it is more important to have economic growth than to deal with the national debt. your response? >> i think we should have economic growth and obviously we would like to see that happen and i think reducing the deficit helps cre create econoc growth. look, i think it is ridiculous to say that cutting $1.2 trillion over the next decade when we will spend $47 trillion of your money is a step too far. of course, we need to do that. and on top of that we need to build towards the entitlement reforms which obviously are creating the huge dent down the road. i think it was disappointing to all of us to have the presiden
make sure we have deficit reduction but don't cut too much too fast. take for scamel the sequestration. 700,000 american jobs will be lost. h is not the right time to do it. we have to phase this in and sequence it so we have economic growth and americans paying taxes. that really helps us recover. >> chris: senator corker, democrats and you just heard this sort of from dirk durbin but i heard it in more extreme forms from other democrats say it is more important to have economic growth...
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Mar 22, 2013
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can we have a safety net that survives and still reduce the deficit? paul ryan says no. >> at least budgets are passing around here for a change. the government's going to have to learn to do more with less, it's not the government's money, it's the people's money. >> the senate democrats are considering a number of balances ever-- >> and house committee chair paul ryan telling us republicans and democrats are still world's apart. well, that is an understatement. we saw that just an hour ago. the democratic-led senate defeating the ryan house budget 40-59. so is there any hope left? here is congressman paul ryan. >> great to see you. >> great it to see you again. >> greta: i want to talk about the budget that passed today, i imagine you're happy. >> we're very happy. we passed a balanced budget and it's important we owe the country a reasonable plan and grows the economy. balancing the budget is not just a statistical exercise it's the necessary means to a healthier economy, it creates more jobs and helps people keep more of hard earned money and a con
can we have a safety net that survives and still reduce the deficit? paul ryan says no. >> at least budgets are passing around here for a change. the government's going to have to learn to do more with less, it's not the government's money, it's the people's money. >> the senate democrats are considering a number of balances ever-- >> and house committee chair paul ryan telling us republicans and democrats are still world's apart. well, that is an understatement. we saw that...
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Mar 22, 2013
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creating huge deficits. republicans deny care about deficit at all -- do not care about deficits at all. what they do care about is cutting government. to quote grover norquist, it can b t in a bath tu [indiscernible] they call it something else but it would destroy both programs. their goal is to destroy government. corporations paid on average 40% of profits for taxes. arey large corporations 12ing about fall% -- about %. they ryan budget would lower that further. millionaires with a $200,000 tax cut -- would get a 200,000 todollar tax curt. t. host: a tweet -- is true.at if you looked at the budget, we have not had in the great increase in spending since obama took office except the that the food stamps and unemployment insurance. except in food stamps and unemployment insurance. programs we have enacted that are designed to increase during recessions like unemployment andrance and food stamps some money comes into the economy so the recession does not turn into a depression. the large deficits occur beca
creating huge deficits. republicans deny care about deficit at all -- do not care about deficits at all. what they do care about is cutting government. to quote grover norquist, it can b t in a bath tu [indiscernible] they call it something else but it would destroy both programs. their goal is to destroy government. corporations paid on average 40% of profits for taxes. arey large corporations 12ing about fall% -- about %. they ryan budget would lower that further. millionaires with a $200,000...
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Mar 21, 2013
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this year, the democrat deficit would be 164 billion dollars bigger than the republican deficit. and next year, 308 billion dollars, just to give you a sense of it, by 2015 the republican deficit would be down to 125 billion and the democrat deficit 433 billion. there's a big indication of the difference between the parties when you look at the budgets of the budget blueprints of the republicans in the house and the democrats in senate and republicans want to restrain spending and democrats want to continue to blow up the budget and eventually, over the decade add 1 trillion dollars of new taxes. >> sean: yeah, so 1 trillion in new taxes over ten years, a trillion dollars, this is like they know no other way, all right? that's point one, but yet, they still will give us almost trillion dollar deficits as far as the eye can see throughout the entire ten-year period. here is the big issue though, i want to see obamacare repealed, but it's not going to happen through paul ryan's budget plan. the republicans, if they want that to happen, to get ryan's plan through, they're going to h
this year, the democrat deficit would be 164 billion dollars bigger than the republican deficit. and next year, 308 billion dollars, just to give you a sense of it, by 2015 the republican deficit would be down to 125 billion and the democrat deficit 433 billion. there's a big indication of the difference between the parties when you look at the budgets of the budget blueprints of the republicans in the house and the democrats in senate and republicans want to restrain spending and democrats...
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Mar 19, 2013
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speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr. speaker, i rise today to honor an exceptional hoosier, dedicated public servant and a good friend of mine, martin. a man with a strong desire to help others and a man who has been a tremendous asset to the eighth district of indiana. martin has dedicated over 40 years of service to indiana, the eighth district, and to the republican party. he's currently serving his fourth term in elected office as county treasurer. he worked with many civic organizations and within the republican party, committee chairman and member of the eighth district central comm
speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr....
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deficit so on a scale of that you can see how big the problem is not just within the eurozone but also globally but you're quite right i mean it is a huge problem it's something which the cypriots government has failed to come to terms with it we are today that it the government received a warning from the european central bank as far back as two thousand and ten saying that there were there that management economy of interest or not where they were running an increase in state sector employers or wages of six percent when the economy was contracting which was simply unsustainable and so it's proven but so what you're saying that this one of solution in a very small economy could actually have a major impact on the european banking sector as a whole and indeed confidence in the euro zone. that's certainly true and you're making an assumption this is this is a war not far not even sure that's the case what you mean it could happen again that we're probably going to get tax you mean this could be actually implemented and then that should have implemented elsewhere then in other bailout d
deficit so on a scale of that you can see how big the problem is not just within the eurozone but also globally but you're quite right i mean it is a huge problem it's something which the cypriots government has failed to come to terms with it we are today that it the government received a warning from the european central bank as far back as two thousand and ten saying that there were there that management economy of interest or not where they were running an increase in state sector employers...
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Mar 26, 2013
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the deficit has always been a canard. when you're in office, you don't take that much notice of the deficit. it's not number one priority. when you're out of office, it's a way to hit the people who are in office. >> i think that's a good point, lee, it isn't lost on me and i don't think it's lost on many people that when people like paul ryan talk about cutting the deficit. they always want to do so by going after programs they're ideologically opposed to. programs for feeding seniors, feeding children, cutting the department of education. they don't want to cut the deficit, they want to do it to get rid of programs they don't like. >> it's killing two birds with one stone. jared makes a great point. the way things are supposed to work is when we come out of these recessions we're supposed to grow and everything is supposed to get better. that's not happening yet. not happening yet and we have at the same time the incredible income inch quality issue. whatever you think about the tax cuts, when you have a middle class th
the deficit has always been a canard. when you're in office, you don't take that much notice of the deficit. it's not number one priority. when you're out of office, it's a way to hit the people who are in office. >> i think that's a good point, lee, it isn't lost on me and i don't think it's lost on many people that when people like paul ryan talk about cutting the deficit. they always want to do so by going after programs they're ideologically opposed to. programs for feeding seniors,...
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Mar 23, 2013
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and would do little to cut spending or the deficit. four democrats mark pryor of arkansas, kay haigen of north carolina, mark baggich of alaska and max bachus of montana all up for reelection in november joined senate republicans who voted against it. even though the margin was close senate leaders were praising colleagues for a job well done. >> i know everyone is exhausted. and you may not feel it at the moment but this is one of the senate's finest days in recent years and i commend everyone who has participated in this extraordinary debate. >> first of all, over the last two decades the average budget resolution considered 78 amendments. we have done 101. average vote 37 amendments we have done twice as many. doing this has been herculean feat. >> harris: next the senate must reconcile the budget with a plan passed by republicans. now, context showing how differently the plans would deal with the economy. the senate plan calls for $46.5 trillion in spending, nearly $5 trillion more than the house plan and more revenue an additional
and would do little to cut spending or the deficit. four democrats mark pryor of arkansas, kay haigen of north carolina, mark baggich of alaska and max bachus of montana all up for reelection in november joined senate republicans who voted against it. even though the margin was close senate leaders were praising colleagues for a job well done. >> i know everyone is exhausted. and you may not feel it at the moment but this is one of the senate's finest days in recent years and i commend...
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Mar 23, 2013
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it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going to remain >>> i predict that president abi of japan trying to revitalize his economy by loosening its grip on inflation will overshoot. he will go into debt, it will go into debt
it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going...
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Mar 19, 2013
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the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have heard about immoral, wrong political. we balance. we balance within 10 years. let's contrast that a bit. our responsible approach to what the senate democrats have done, for example. next year alone the senate democrat budget increases spending by $162 billion above what we are spending today. over 10 years, increases the delebt by $7.3 trillion from today's levels despite a massive tax hike that they have. and it adds $1.5 trillion in new taxes. even after that, they still add to the debt, our kids' debt by $7.3 trillion. and again, mr. chair, it never balances. after four years and $6 trillion in debt since a budget was last even passed, the senate democrats' proposal leaves more debt a
the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have heard about immoral, wrong political. we balance. we balance within 10 years. let's contrast...
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Mar 24, 2013
03/13
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it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going to remain >>> i predict that president abi of japan trying to revitalize his economy by loosening its grip on inflation will overshoot. he will go into debt, it will go into debt >>> two closely watched u.s. supreme court cases are around the corner. for advocates and opponents for same-sex marriage. we will look at the issue as then mayor gavin newsom issued marriage licenses. we get an update from washington, d.c. for the preparations for the up coming hearings. >> they will be mindful of the limited role as judges to interpret existing law. >> plus, legal analysis on how the issues might be viewed on the highest court in the land. stay tuned for the
it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going...
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Mar 19, 2013
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on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very wealthy people. so the republican plan, they said we'll get rid of your tax expenditures for high-income people, but we'll bring down your top rate. so in the end the folks at the top get a very big windfall. we say let's eliminate some of those tax breaks for very wealthy people in order to help reduce our deficit, so when you combine that savings with targeted cuts, you can reduce it in a balanced way rather than increasing the tax burden on the middle class which is what their budget will do. we also want to make sure we keep our commitments to our s
on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very...
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Mar 23, 2013
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we shouldn't run a deficit at least one that is as large now. i think it's precarious and for the senators, democratic senators running for reelection in red states. that is why you saw four democratic senators they are all representing states that barack obama lost. >> gregg: speaking of debt and deficits, president obama said recently the debt is not an immediate problem, but by huge margins, americans disagree. 68% of them disagree with the president on that. they also think he is wrong with b something else. spending. this is a fox news poll. they think his top priority should be cutting spending to reduce the deficit, not spend more, taxpayer dollars to create jobs. is that why president obama seemed to have dropped the campaign for spending realize he is pushing his job ratings down and in the process driving away potential voters? >> i think there has been a sense over the last month or so, as you point out poll numbers have gone down. white house is not going to make a big campaigns go across the country asking for tax increases but that
we shouldn't run a deficit at least one that is as large now. i think it's precarious and for the senators, democratic senators running for reelection in red states. that is why you saw four democratic senators they are all representing states that barack obama lost. >> gregg: speaking of debt and deficits, president obama said recently the debt is not an immediate problem, but by huge margins, americans disagree. 68% of them disagree with the president on that. they also think he is...
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Mar 22, 2013
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they now claim their budget would eliminate the deficit in 2023. and house budget committee chairman paul ryan has even said that it doesn't really matter how their budget eliminates the deficit. mr. president, americans across our country who will feel the impact of the choices we make in the coming weeks and months feel that it does matter. so while some of my republican colleagues would probably prefer not to hear about it, i think that the impact of the house republican budget is a crucial part of this debate, and we owe it to the american people to put our opinions on the record. now we've come a long way, mr. president, but there are still far too many americans today who are unemployed or underemployed, which is why our senate budget's first priority is boosting our economic recovery. speaker boehner has actually agreed with president obama that our debt does not present -- quote -- "an immediate crisis." so you might think the house budget would phase in cuts responsibly so we can protect our fragile recovery. well, instead the house republ
they now claim their budget would eliminate the deficit in 2023. and house budget committee chairman paul ryan has even said that it doesn't really matter how their budget eliminates the deficit. mr. president, americans across our country who will feel the impact of the choices we make in the coming weeks and months feel that it does matter. so while some of my republican colleagues would probably prefer not to hear about it, i think that the impact of the house republican budget is a crucial...
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Mar 24, 2013
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deficit supposedly help the economy. before i get into this, we both taught at the university of chicago law school. the first time i met him i introduced myself and say you are the kind of guy. as idiotic as silk. and i had no he would help me out with the city of chicago since i'd heard that. they said maybe we can get together for lunch sometime. but he kind of wrinkled his face, turned his back to me and walked away and that was the end of our first conversation. i have to say rinne two and 20 other times and it's pretty much the way all our conversations went. it is not thinking i would be getting christmas cards or anything else from him. i was not as a retired part of it is that got the strong impression when i would run into him that he viewed me as evil because of the gun issue. he had very strong opinions on the. [inaudible] [laughter] i'd found something on the gun issue he disagreed very strongly about and he viewed me as evil, not just wrote. in academia, is easy to disagree with people they are. we enjoyed
deficit supposedly help the economy. before i get into this, we both taught at the university of chicago law school. the first time i met him i introduced myself and say you are the kind of guy. as idiotic as silk. and i had no he would help me out with the city of chicago since i'd heard that. they said maybe we can get together for lunch sometime. but he kind of wrinkled his face, turned his back to me and walked away and that was the end of our first conversation. i have to say rinne two and...
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Mar 21, 2013
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we have a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan to grow our economy or create jobs. no plan to ever balance the budget. take more. trillions of dollars more to spend more in washington. that's what got us in this mess in the first place. so what can be done? the good news is that we now have a vehicle for regular order. the democrats derailed the budget process each of the last few years and stopped governing when they stopped budgeting. at least we now have a budget process that's moving. we brought them back in the game this spring. that's a good thing. so what's going to happen in the we
we have a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan...